Because of exorbitant value added tax (VAT) being levied in Karnataka on Airline turbine fuel (ATF) as compared to Kannur in Kerala, new flights are dithering to fly from Mangaluru as Kannur is more lucrative. As such, it is learnt that there was considerable decline in both the number of flights and passengers served at the local airport during last year.
Source: daijiworld.com
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
